NIGERIA: SEC wants dividends paid into savings account

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The Securities and Exchange Commission, SEC, yesterday, appealed to Governor of Central Bank of Nigeria, CBN, Mr. Godwin Emefiele, to mandate the banks to accept payment of dividend warrants into shareholders’ savings accounts.

Speaking at the end of the second quarter Capital Market Committee, CMC, meeting in Lagos, Director General of SEC, Ms. Arunma Oteh, said the move would help to resolve the rising spate of unclaimed dividends in the country, which is currently put at over N60 billion.

Although she said some banks had started accepting payment of dividend warrants into savings account, she added that mandating others to follow suit was critical in tackling the issue of unclaimed dividend.
She said: “We welcome the agenda of the new CBN governor; and we hope to continue to work together with CBN to ensure that we tackle issues that are of utmost importance to the growth of the capital market.”

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Anthony Claret

Anthony-Claret is a software Engineer, entrepreneur and the founder of Codewit INC. Mr. Claret publishes and manages the content on Codewit Word News website and associated websites. He's a writer, IT Expert, great administrator, technology enthusiast, social media lover and all around digital guy.
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‘MDAs Comply with FG’s Directive on National Identity Card’

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Read Time:3 Minute, 1 Second

 Following a recent directive by the federal government that all ministries, departments and agencies of government must align their activities and infrastructure with that of the National Identity Management Commission (NIMC) in order to complete the ongoing registration process of national identity card, the Director-General of NIMC, Dr. Chris Onyemenam, has said the MDAs are in full compliance.

He said over three million Nigerians have registered for the exercise since registration commenced in October this year.

Onyemenam who dropped the hint in Lagos at a three-day Card, ATM and Mobile Expo, organised by Intermarc Consulting, said the affected agencies were already compliant with the directive and was optimistic that the December deadline given by the federal government for the completion and launch of the national identity card would be feasible.

"There is a presidential directive that the identity card project be completed and launched by December this year. It is a policy statement and we are all bound by it.

"According to the directive, all federal agencies that are involved in data capture services and also have identity and authentication need, should align their activities and infrastructure, with a view to switching over to NIMC's infrastructure," Onyemenam said.

Explaining further, he said: "The objective of the directive in my opinion is in two folds. Firstly to optimise the use of scarce resources at that level, which is dedicated to identity management, and secondly to ensure that there are no duplication of efforts to enable fast establishment of a national identity database."

The value proposition from this is enormous, be it in terms of security or financial services, deepening access to credit facilities and reducing dependence on cash among others, he said.

Giving details of the level of development towards issuing Nigerians, electronic identity cards that come with a unique national identification number (NIN), Onyemenam said the cards have been harmonised, connectivity infrastructure is in place, and that the commission is currently in the process of data capturing of every Nigerian and Nigerian citizen.

Onyemenam who was optimistic that the process would lead to building and increasing a national database for Nigeria, advised all Nigerians to visit the nearest NIMC registration centres and be part of the capturing exercise.

Addressing how the card will be effective in reducing financial fraud in the country, Onyemenam said it comes with three biometrics authentication that make it more secure and safe to use as identity card, and as debit card like the Automated Teller Machine (ATM) card.

He listed the authentication to include finger print, facial recognition and another authentication, which he said, would make it extremely difficult for unathorised persons to have access to it through hacking.

"We have tried to build public key infrastructure into the cards that make global best practice, thereby making the card more secured and it comes with 19 different security features," Onyemenam said.

He explained that measures were in place to avoid non-Nigerians and non-Nigerian citizens from getting registered and messing up the entire system.

"We know that there are tendencies for non-Nigerians to get registered, but we have put some measures is place that will actually identify Nigerians and Nigerian citizens," Onyemenam said, adding that several NIMC staff have been trained for the purpose.

Delivering a paper on the 'Role of Identity Management in the Nation' at the Card, ATM and Mobile Expo, Onyemenam said the new identity management scheme would help build a national database for the country, where data of every Nigerian is stored and easily accessed

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Anthony Claret

Anthony-Claret is a software Engineer, entrepreneur and the founder of Codewit INC. Mr. Claret publishes and manages the content on Codewit Word News website and associated websites. He's a writer, IT Expert, great administrator, technology enthusiast, social media lover and all around digital guy.
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MainOne to Launch N7bn Tier-3 Data Centre in Quarter 4

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Read Time:3 Minute, 41 Second

 MainOne, a data centre and telecoms services solutions provider for businesses in sub-Sahara Africa is getting ready for the completion and launch of its Tier-3 Data Centre, which will turnout to be the largest in West Africa, in terms of size of storage facilities and capacity of service delivery.

The new data centre, which is located in Lekki, Lagos, covers 3,500 square metres space, and will accommodate 600 racks spaces, with redundant power supplies up to 6MVA and a 24-7 network operations center, when completed in the fourth quarter of the year.

It is expected to gulp N4 billion to complete the physical structure and another N3 billion to purchase and install all facilities that make up a tier 3 commercial data centre.

MainOne's Chief Executive Officer, Ms Funke Opeke, gave the information during a media facility tour of the project site in Lagos at the weekend.

According to her, "the project is over 70 per cent completed, and has direct access to MainOne’s entire connectivity platform including its metro and international fiber, Internet backbone, as well as interconnection with all the major networks in Nigeria. It is being constructed to meet the rapidly growing demand for managed computing and network services in Africa."

The new data centre is an expansion of the company's existing data centre in Lagos, that is currently hosting data of big and small organisations and providing services for them.

In technical parlance, a data centre is an infrastructure, built to house the computing operating systems of an organisation. It is a commercial computer room that links all computational devices and operations and allows access and connectivity to all company branches for online transactions. It saves companies and operators the cost of building personalised data centres to run their individual operations.

The commercial data centre being built by MainOne, will house the data of various organisations, and allow their operations to be accessed online 24/7, with high reliability and availability.

Differentiating between tiers 1, 2 and 3 data centres, General Manager, Capital Projects for MainOne, Mr. Gbenga Adegbiji, said the tier 1 data centre referred to a conventional computer room with less operational redundancy, while tier-2 is a more reliable facility with dual system such that if one system goes down the second picks up when manually operated.

The tier-3 data centre, he said, comes with concurrent facilities that allows for easy maintenance and service delivery. All its cooling system, power system and backup system are working concurrently such that if there is a failure in any of the facilities, others pick up automatically without creating redundancy and downtime of any sort, with a reliability of 99.98 per cent.

"The tier-3 data centre has a higher level of reliability and availability, compared with tier-1 and tier-2. With the tier-3, online service could be accessed 24 hours, seven days in a week and 365 days all year round, which makes it adequate for online realtime business," Adegbiji said.

Opeke explained that the data centre would be a further proof of MainOne’s commitment to deploy infrastructure based services within its primary markets, as it would aid the reduction in information technology costs and risks, while enhancing business efficiency and profitability.

"The tier 3 commercial data centre that we are building will help improve the ability of organisations to move their key business processes online as well as accelerate the evolution of Nigeria into a digital economy when launched," Opeke said.

She added: “Access to bundled data centre services and connectivity solutions from a trusted provider ensures organisations save capital costs that would have been required to build and maintain dedicated data centre facilities.”

According to Adegbiji, “The facility is designed to meet rigorous availability standards, and offers a highly secure and reliable purpose built alternative with multiple layers of redundancy on all critical electrical and mechanical components to our customers.

"This guarantees continuous access/uptime to hosted critical applications and data improving the overall operational efficiency and profitability of our customers”.

With the rollout of its Lagos metro fiber network and data centre in 2014, MainOne said it remained focused on taking the lead in the provision of broadband communication services to large corporates, e-commerce providers, government and educational institutions in Nigeria.

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Anthony Claret

Anthony-Claret is a software Engineer, entrepreneur and the founder of Codewit INC. Mr. Claret publishes and manages the content on Codewit Word News website and associated websites. He's a writer, IT Expert, great administrator, technology enthusiast, social media lover and all around digital guy.
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NNPC Seeks Partnership with Engineering Stakeholders

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Read Time:2 Minute, 12 Second

 The Nigerian National Petroleum Corporation (NNPC) seeks to partner the Nigerian Academy of Engineering and other stakeholders to add value to the country’s hydrocarbon resources.

Speaking in Lagos at the weekend during his induction as a fellow of the academy, the Group Managing Director of NNPC, Mr. Andrew Yakubu, would partner other engineering stakeholders for a mutually beneficial synergy.

“I am glad that I am coming into the academy as a sitting Group Managing Director of NNPC. This is the first time it is happening. That means it is the beginning of creating mutually beneficial synergy between the wealth of experience of our elders and other stakeholders to add value to oil and gas,” Yakubu said.

In his lead presentation at the event, the guest speaker and emeritus professor of Chemical Engineering, University of Lagos, Prof. Alfred Akpoveta Susu, said only few challenges in the world today are more threatening than the unsustainable nature of the energy infrastructure.

He said every aspect of contemporary society was dependent upon the availability of clean, affordable, flexible and sustainable energy.

“Yet our current energy infrastructure, heavily dependent upon fossil fuels, is unsustainable. Global oil production is expected to peak within the next several decades.

"While there are substantial reserves of coal and tar sands, the mining, processing and burning of these fossil fuels poses increasingly unacceptable risk to both humankind and the environment, particularly within the context of global climate change,” he said.

Susu further stated that recent analysis of world petroleum production and known reserves suggest that global oil production could peak as early as the next decade, with gas production peaking a decade later.

Citing further studies, he suggested that “holding off the peak until 2040 would require both a high and much less, certain total oil resource and adding more production each year than ever before, despite having already  produced all of the world’s most easily extractable,” he said.

He noted that the consequence of passing over the global production peak is not the disappearance of oil, as roughly half of the reserves would remain.

“Rather, it would be a permanent imbalance between supply and demand that would drive oil prices dramatically higher than today’s levels – $100 per barrel; $200 per barrel and beyond, with corresponding increases at the pump.

"The rapidly increasing oil and gas demand from developing economies such as China, India and Latin America make this imbalance even more serious,particularly when it is noted that the United States currently consumes 25per cent of world’s production” he explained.

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Anthony Claret

Anthony-Claret is a software Engineer, entrepreneur and the founder of Codewit INC. Mr. Claret publishes and manages the content on Codewit Word News website and associated websites. He's a writer, IT Expert, great administrator, technology enthusiast, social media lover and all around digital guy.
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NIGERIA: Ondo Govt Woos Investors for Development

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Read Time:1 Minute, 57 Second

 The Ondo State government is making frantic efforts to attract foreign investors to the state, through planned partnership with local entrepreneurs, for the rapid development of the state.

The government has initiated a platform that will enable the targeted investors and prospective venture partners, to interact and nurture viable partnerships.

Senior Special Assistant to the State Governor on International Relations and Diaspora Affairs, Mrs. Remi Duyile disclosed that the government intends to host a gathering of diplomats and the business community of the state, on September 22 this year under the platform of the Ondo State Embassy Day.

According to Duyile, “the Ondo State Embassy Day is a day being initiated for the nurturing of trade and investment in the state."

She explained that the event, which would be the first of its kind, would serve as a window of opportunity for embassies in the country to market the investment potentials of their countries to the business community of Ondo State.

“At the same time, the Ondo State Embassy day, will create the opportunity for local entrepreneurs to share knowledge on how to reach out to foreign markets, for trading opportunities and investment partnerships” she said.

Duyile pointed out that the commercial units of diplomatic missions resident in the country could exploit the opportunity of the Ondo State Embassy Day, to make presentations to the business class, on key sectors of their country’s economy that could be attractive to Nigerian partners.

She said the state remained blessed with an abundant reservoir of Oil and Gas, Bitumen, Cocoa, Palm produce, Granite, Rubber, Timber, Limestone, Bulk clay, Aquaculture, Silica Sand and African Shea Butter trees that of great opportunities for local and foreign investment delivery.

Duyile said operators of cottage industries in the state could take advantage of the Ondo State Embassy Day, to fraternise with local and foreign development partners, at the event, on available options for sourcing of funds and equipment for their varied enterprises.

She explained that professional associations, local chambers of commerce and industry as well as research institutes could enrich their capacities, via the flow off vital information that will be at their disposal during the Ondo State embassy Day.
She said the event would catalyse the flow of capital and investment across various frontiers within Nigeria and beyond.

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Anthony Claret

Anthony-Claret is a software Engineer, entrepreneur and the founder of Codewit INC. Mr. Claret publishes and manages the content on Codewit Word News website and associated websites. He's a writer, IT Expert, great administrator, technology enthusiast, social media lover and all around digital guy.
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NSA Raises the Alarm over Cybercrime’s Damage to National Image

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Read Time:2 Minute, 25 Second

 Concerned about the alarming widespread growth of cybercrime, the National Security Adviser, Mohammed Sambo Dasuki, has advocated proactive approach to tackle the menace.

Dasuki who was speaking at the First National Cybersecurity Forum in Lagos said the abnormal trend is denting Nigerian image and those of many nations.

According to him,  “realising the importance of cyber space, the Federal Government of Nigeria has designated cyber security as a national security priority with the office of the National Security Adviser (ONSA) stepping up efforts towards meeting the challenge by working in close collaboration with all stakeholders to ensure a safer and more secure cyberspace.”

He added that experiences from other jurisdictions have shown that success of national cybersecurity initiatives can best be achieved by adopting a coordinated and integrated approach encompassing Law; Technology; Institutional Capacity Building; Private Sector Partnership (PPP) and International Law Enforcement Cooperation.

Represented by the Permanent Secretary Special Services, Alhaji Ibrahim Mahe, the NSA said that computers and the internet represent modern tools used by criminals and the trend would continue for the foreseeable future because of the fact that cybercrimes are particularly lucrative.

He said: “They are generally non-violent crimes, yield high profits and have relatively low risk of capture. Incidents of cybercrime have caused extensive loss to the national economies and pose challenging threats of cyber terrorism among nations.”

Giving an overview of the Draft National Cybersecurity Strategy in Nigeria, Director of Communication, Office of the National Security Adviser, Ambassador Haruna Wando, said that with the growth of computer technology in Nigerian businesses and personal life, so also is the increase in computer based crimes originating from Nigeria or aided by Nigerian citizens around the world.

“The telecommunication and banking industry have been the worst hit by this menace due to its high dependence on the Internet and its many online tools. Traditionally, Nigerian cyber-crime activities appear to be only limited to money fraud Internet based crimes. The recent trend of web defacement or hijacking and e-mail scams has now changed this perception. Web bullying instances are on the rise in the country, especially with the coming into being of social networking websites like facebook and twitter," he said.

In order to reflect a more cogent approach towards a more secure cyberspace in Nigeria in line with international baseline standard and global best practice, the Office of the National Security Adviser has been pursuing a number of initiatives including the development of a National Cybersecurity Policy and strategy for Nigeria.

It also drafts and proposes relevant laws required to be enacted by the National Assembly for the security of computer systems and networks in Nigeria pursuant to national strategies on cybersecurity.

The office has also established National Computer Emergency Readiness and Response Mechanism with Early Warning System (EWS) and Alerts for all cyber related emergencies in the country (ngCERT).

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Anthony Claret

Anthony-Claret is a software Engineer, entrepreneur and the founder of Codewit INC. Mr. Claret publishes and manages the content on Codewit Word News website and associated websites. He's a writer, IT Expert, great administrator, technology enthusiast, social media lover and all around digital guy.
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NIGERIA: CBN to Review BDCs’ Licensing Guidelines This Week

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Read Time:3 Minute, 39 Second

In a bid to stem the perennial depletion of Nigeria’s foreign exchange reserves, the Central Bank of Nigeria (CBN) will this week review the guidelines for the licensing of Bureau De Change (BDC) operators in the country.

Specifically, the central bank is expected to introduce tough measures that would tighten the licensing requirements for the forex dealers.
A reliable source at the presidency informed THISDAY yesterday that the CBN Governor, Mr. Godwin Emefiele, has discussed the problem with President Goodluck Jonahan and obtained his approval to review the licensing and funding regime for BDC operators.

According to the presidency source, the continuous funding of BDCs depletes the external reserves by an average of about $9 billion annually as there are presently 3,208 registered BDCs in the country. The CBN sells $50,000 to each BDC weekly.
But if the CBN grants licences to the prospective 1,417 operators that are currently awaiting approval, the amount of funding to BDCs annually by the central bank could go up to $12.025 billion per annum, which according to the presidency source is outrageous and a far cry from the past when BDCs were self-funded.

Nigeria’s external reserves stood at $37.090 billion as at last Thursday. The reserves derived mainly from the proceeds of crude oil earnings have fallen by $12 billion since its post-global crisis peak of $63 billion in April 2013 and this has remained a concern to the central bank and the federal government.

BDCs are the retail segment of the forex market. They are regulated by the central bank.
The presidency source further explained that as at 2008, as much as $11 billion was used to fund BDCs in the country.
As at 2006 when the practice of funding BDC operators started, only two countries in the world were involved in it – Nigeria and Kenya. However, Kenya has since discontinued the practice.

Funding of BDCs, according to the source, has led to the dollarisation of the economy because dollar cash is available.

“Today, houses, school fees, hotel bills, among others are priced in dollar in Nigeria. This clearly affects intermediation negatively because funds that are supposed to be kept in naira in banks for on-lending to businesses is significantly reduced. It also hurts the external reserves and affects transmission of monetary policy,” he explained.
The source added that the continuous funding of this arm of the forex market portrays the country in negative light as Nigerians move several millions of dollars in cash through the country’s international airports unchallenged.

According to him, lack of money trail for expenses further reinforces the perception of a corrupt nation involved in money laundering activities.
“CBN must do something to reduce this haemorrhage on our foreign reserves. Today, any person who has the capacity to deposit $20,000 at the CBN can own a BDC, hence the upsurge in the number of BDCs.
“CBN must therefore tighten the licensing requirements for BDCs,” the source argued.

A breakdown of the activities of BDCs in the country showed that between 1989 and 2004 when the Federal Ministry of Finance was in charge of licensing operators, there were only 74 firms in the sub-sector and they were self-funded.

However, between 2005 and 2009 when the responsibility of licensing operators was moved to the central bank, the number of firms increased significantly to 938. As at April 2006, the central bank started supplying $200,000, bi-weekly to the forex dealers. This was later increased to $300,000 twice a week between September 1, 2008 and 2009.

In 2009, the central bank introduced Class A and B BDCs with funding of $1 million and $100,000 per week respectively.
Nevertheless, as at 2010, the classification of BDCs was abolished and between 2010 and 2012, BDCs were funded at the rate of $1 million per week.

But as the number of licensed BDCs more than tripled in the same period, the CBN reduced the amount of forex sales to $50,000 a week to the operators.
The CBN last year withdrew the operating licences of 20 BDC operators over allegations of money laundering activities.

It had at the time revealed that the illegal activities of the forex dealers were partly responsible for the volatility observed in the forex market.

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Anthony Claret

Anthony-Claret is a software Engineer, entrepreneur and the founder of Codewit INC. Mr. Claret publishes and manages the content on Codewit Word News website and associated websites. He's a writer, IT Expert, great administrator, technology enthusiast, social media lover and all around digital guy.
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CCNN Donates 2,600 Bags of Cement to Host Communities

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Read Time:1 Minute, 24 Second

The Cement Company of Northern Nigeria (CCNN) has donated 2,600 bags of cement worth over N5 million to 90 communities in Wamakko Local Government Area of Sokoto state.

Speaking after presenting the bags to the benefiting communities, the Managing Director of CCNN, Mr. Alf Karlsen, said the gesture was part of the company's effort to assist host communities to carry out self-help projects in their areas.

He explained that the provision of the cement to the communities would enable them carry out renovation of schools, mosque, and homes, among others.

Karlsen, who spoke through the Director Technical of CCNN, Alhaji Ahmed Idris, stated that the company would commence the construction of borehole in Kalambaina community, pointing out that the gesture was borne out of the desire of the company to provide potable water for residents of the area.

The CCNN boss also disclosed that arrangement had been concluded for the relocation of three communities to enable the company expand its cement production.

He explained that the three communities which included Dan-atu, Sabon Gida and Gidan Mubaga, would be relocated to Kalambaina area of Wamakko council and provided with amenities.

“The three communities that will be relocated to Kalambaina area, would be provided with schools, dispensary, mosque, electricity, borehole and roads, among others. So, all those relocated would be adequately compensated and also provided with land to build their houses,” he said.

In a remark, the Chairman of Wamakko Council, Alhaji Ahmad Kalambaina, commended CCNN for its committment to the welfare of the host communities. Also, the District Head of Kalambaina, Alhaji Abubakar Ahmadu, expressed gratitude to the company for the gesture.

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Anthony Claret

Anthony-Claret is a software Engineer, entrepreneur and the founder of Codewit INC. Mr. Claret publishes and manages the content on Codewit Word News website and associated websites. He's a writer, IT Expert, great administrator, technology enthusiast, social media lover and all around digital guy.
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W’Bank Approves $495m to Boost Food, Job Creation

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Read Time:1 Minute, 39 Second

The World Bank’s Board of Executive Directors yesterday approved a $495.3 million-credit to improve farmers’ access to irrigation and drainage services in the country.

The intervention under the International Development Association (IDA) would also help to strengthen institutional arrangements for integrated water resources management and improve delivery of agricultural services in selected, large-scale public schemes in northern Nigeria.

The Transforming Irrigation Management in Nigeria (TRIMING) project is expected to improve existing irrigation on 27,000 hectares, irrigate an additional 23,000 hectares, and benefit more than 140,000 farmers while mobilising private sector investment.

According to the Breton Woods institution, the latest effort marked a transformational effort to improve large-scale public irrigation for expanding food production and catalysing economic growth in rural areas necessary to end poverty and boost prosperity, as well as enhance resilience of agriculture production systems.

World Bank acting Vice President for the Africa Region, Jamal Saghir said:"Unlocking Africa’s development potential requires interventions in key sectors such as energy and water. By taking a comprehensive approach, the TRIMING project will increase farm productivity, build climate resilience, reduce flooding risks and improve the lives and well-being of millions of Nigerian citizens in Africa’s largest economy.”

Agriculture is a key sector of the Nigerian economy accounting for 22 per cent of gross domestic product in 2012.  The Government of Nigeria’s Agricultural Transformation Agenda (ATA) is a major initiative to drive rural income growth, accelerate achievement of food and nutritional security, and generate employment.

World Bank Country Director for Nigeria, Marie Francoise Marie-Nelly said: "Given Nigeria’s determination to diversify and integrate its national economy to benefit all Nigerians, this project will help to advance this ambition in three vital ways, by restoring agricultural productivity, creating job opportunities for a large number of unskilled young people, as well as creating conditions for growth and peace in northern Nigeria.'

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Anthony Claret

Anthony-Claret is a software Engineer, entrepreneur and the founder of Codewit INC. Mr. Claret publishes and manages the content on Codewit Word News website and associated websites. He's a writer, IT Expert, great administrator, technology enthusiast, social media lover and all around digital guy.
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Coca-Cola Unveils New Ultra-bottle

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Read Time:2 Minute, 31 Second

Nigerian Bottling Company [NBC] Plc has launched the ultra glass bottle, the unique, light-weight and eco-friendly glass bottle packaging for its brands, Coca-Cola, Fanta and Sprite in Benin City, capital of Edo state.

Unveiling the products at an event in Benin City, the Regional Commercial Director of NBC, Mr. Tunji Akinseesin, said Ultra was created through ground breaking innovation by the Coca-Cola System to further enrich the refreshing experience of our consumers. Ultra was introduced in 2008 and available in Abuja, Rivers and Lagos.

He said in comparison with the regular glass bottle, ultra glass bottle required about 14% less raw materials and energy to produce.

“Its light weight significantly reduces stress on trucks and roads during transportation of products. Together with the new full-depth case packaging, it also offers a longer lifespan in trade, because it is tougher, 40% more durable and less vulnerable to breakage and scuffing compared to the regular bottle

“NBC commercial team will work with its dealers to make the new ultra bottles widely available in trade”, Akinseesin stated.

The NBC Regional Commercial Director further noted that the ultra bottles that were introduced internationally in 2000, were first unveiled in Nigeria in June 2011, adding that they were about 20 per cent lighter and 40 per cent more durable, which made them safer and easier in terms of handling and their contents much more protected.

His words: “This is the first location in the eastern part of the country to have ultra. We launched ultra in Nigeria in June 2011 and it has been doing very great in the market.

“Although looking so small, ultra has the same content as you have in the old regular glass bottles. The difference is that it is about 20 per cent lighter and 40 per cent more durable in terms of handling. It comes in full depth plastic, which protects it and prevents breakage as was discovered in the old ones. If you notice our old plastics, the bottle is half the size, but this one is coming in full depth plastic, which means that you will not be having breakages in the neck or the body. This time around we are going to remove the possibility of the bottles rubbing on each other.”

According to him, “It is the same content, the same price and the same quality. There is nothing changing in it. Only the glass has changed to become very good and more attractive,” but clarified, importantly, “Ultra glass is not going to replace the older ones. It will be sold along with those older ones for now.”

“If you notice, Coca Cola is known for quality. Globally, it was launched in the year 2000 to change and minimise the rate of breakage, which we were recording on the regular glass. The regular glass is heavier and it is prone to breaking faster and easier than the ultra,” he concluded.

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Anthony Claret

Anthony-Claret is a software Engineer, entrepreneur and the founder of Codewit INC. Mr. Claret publishes and manages the content on Codewit Word News website and associated websites. He's a writer, IT Expert, great administrator, technology enthusiast, social media lover and all around digital guy.
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